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By 2050, it is estimated that around 48,800 TWh will be used globally each quarter, about twice the current electricity consumption. In the meantime, the authors estimate that the cost of one hundred percent renewable energy by 2050 is about 403 yuan per megawatt hour (including storage and grid losses), compared with about 542 yuan per megawatt-hour in 2015.

According to the researchers, solar photovoltaic power generation and battery storage will become the center of energy conversion. The rapid reduction of both technology costs is conducive to wider promotion and solar energy will occupy 69% of the energy supply by 2050. The total storage output is expected to increase from 33 TWh to 15,128 TWh. Much of the output will be provided by batteries, with pumped-storage power plants now accounting for 93% of the total generating capacity and projected to be reduced to 1% by 2050.
The report also suggests that global greenhouse gas emissions from the power generation industry will be reduced from 11GT in 2015 to zero in 2050 if full renewable energy is available. In addition, the report also proposed that the number of jobs in the electricity sector will increase from 19 million to 36 million.